Hong Kong - China International Capital Corporation Limited Placing Of New H Shares.
Legal News & Analysis - Asia Pacific - Hong Kong - Capital Markets
23 October, 2019
Davis Polk advised China International Capital Corporation Limited in connection with its placing of 176,000,000 new H shares at a total consideration of approximately HK$2.5 billion (approximately US$319 million).
CICC is a premier China-based investment bank with international reach, whose H shares are listed on the Hong Kong Stock Exchange. As the first joint-venture investment bank in the PRC and a pioneer in adopting international best practices with a thorough understanding of the Chinese market, CICC quickly became a flagship investment bank in China. CICC’s comprehensive business scope consists of Investment Banking, Equity Sales and Trading, FICC, Wealth Management and Investment Management.
The Davis Polk team included partner Bonnie Y. Chan, counsel Stephenie Fung and associate Edwin Lee. Members of the Davis Polk team are based in the Hong Kong office.